[TKDietz]

If that is the gross income of your business, and if in fact Obama wouldn't raise taxes on anyone making less than $250k a year, you shouldn't be hurt. They don't tax your gross income. They tax your income after expenses like the wages you pay your employees and your other overhead. Those that really have to worry are those who have salaries or income in excess of that amount after all their deductions. That is of course assuming he'll really only raise taxes for those earning over $250k a year.

I never believe these kinds of campaign promises though. Politicians are always promising us the moon and then they break their promises.

If you guys are earning $250k to $300k after adjusting for all your deductions, wow. I'm in the wrong line of work.

[CarolAnn]

If I was taking that home, I wouldn’t be working a second job!

Most small business owners are a sub-chapter S, and their business income goes straight to their personal tax return. Deductions are complicated and not as generous as you think.

[When do we get liberated?]

And if you aren’t making that, odds are you are employed by someone who is.

[Old Professer]

This was about health care and fines; distinctions eren’t made between gross and net but business size is usually determined by gross.